A private, for-profit institution of higher learning called Musicians Institute (MI) offers undergraduate degrees with a modern music emphasis. The Guitar Institute of Technology was founded in 1977 as an institution with a 1-year vocational education.
Pat Hicks, who created the institution’s organizational structure, and musician Howard Roberts, who created its academic programs, cofounded the school. Rock and roll musicians were to receive a conservatory education from Howard.
While Roberts and Hicks were in office, six new academic programs were launched. In 1994, Japanese businessman Hisatake Shibuya acquired ownership of the college. He then introduced the college to five more programs.
In Hollywood, the university comprises an urban campus with more than 180,000 square feet of connected buildings. The campus was built between 2010 and 2013 at a cost of $47 million. The site is home to five institutes, including the Los Angeles College of Music, Elegance International, Musicians Institute, Theatre of Arts, and Musicians Institute.
The institute provides 10 certificate programs in addition to 7 associate and 4 bachelor degree programs. It has National Association of Schools of Music accreditation. With MI Japan, UTB Video Academy, and ESP Entertainment, the institute has partnership agreements.
Course transfers from Los Angeles City College are also permitted. The institute offers financial aid in the form of scholarships to both registered students and newcomers.
With a 68% admission rate, Musicians Institute is serious about the students it accepts.
The ratio of students to faculty
At Musicians Institute, the student-to-professor ratio is an excellent 4:1. When compared to the national average of 15 to 1, that is extremely impressive.
The proportion of Full-Time Faculty
At Musicians Institute, 30% of the faculty members are full-time. This is less than the 47% national average.
Rate of Freshmen Retention
How many full-time students enjoy a college or institution well enough to return for their sophomore year is shown by the freshmen retention rate. This percentage is 50% at Musicians Institute, which is a little lower than the 68% national average.
Rate of Graduation
At Musicians Institute, the first-time, full-time enrollment rate is 14%, which is lower than the 33.3% national average.
What is the price of the Musicians Institute?
Musicians Institute’s overall average net cost is $37,835.
Loans to students
Students in college often take out loans to pay for their education. In actuality, loans are used by roughly 66% of students nationwide. Nearly 44% of Musicians Institute students borrowed student loans, which had an average annual cost of $5,039 so far. Over the course of four years, that comes to $20,156 for those kids.
At Musicians Institute, the default rate on student loans is 5.0%. This is a positive indication that you will be able to repay your student loans because it is much lower than the 10.1% national default rate.
How Much Money Do Graduates of the Musicians Institute Make?
Despite the fact that some majors are more lucrative than others, Musicians Institute bachelor’s degree holders typically start their careers with an annual salary of $32,387. Unfortunately, this is 24% less than the $42,485 average yearly earnings for college graduates. But graduates in your major discipline might earn more.
Musicians Institute online education
Even the earliest institutions and universities in the United States are embracing online education. Online courses are not just perfect for working adults returning to school, but an increasing number of traditional students are also taking use of them.
70 students registered for at least one online course at Musicians Institute in 2019–2020. The number of students taking online courses has increased from 0 to 1.
Diversity of Undergraduate Students at Musicians Institute
At Musicians Institute, there were 714 undergraduate students enrolled in full- and part-time programs during the 2017–2018 academic year.
Do the Musicians Institute have an accreditation?
The US Department of Education and the Council for Higher Education Accreditation (CHEA) both recognize the Musicians Institute as an accredited member institution of the National Association of Schools of Music (NASM), a national accrediting organization.